Manor Global Inc.
NEX BOARD : GGV.H

November 05, 2009 17:51 ET

Manor Global Updates Shareholders

TORONTO, ONTARIO--(Marketwire - Nov. 5, 2009) - Manor Global Inc. ("Manor" or the "Corporation") (NEX:GGV.H) wishes to advise shareholders of material events affecting Manor. The Corporation continues to work diligently to find a suitable business with which to complete a qualifying transaction (the "QT").

Prior Disclosure

At the request of the TSX Venture Exchange (the "Exchange") the Corporation would like to clarify disclosure made in its financial statements for the year ended December 31, 2008, and corresponding MD&A, and interim financial statements dated March 31, 2009 and June 30, 2009 and the corresponding MD&A (collectively, the "Disclosure"). The Disclosure indicates that the shares of the Corporation remained suspended from trading due to the Corporation's failure to complete a QT in the prescribed two year period. The Disclosure should have disclosed that the Corporation's failure to hold an annual general meeting of shareholders within the timeframe required by corporate law and Exchange policies is the reason why the shares of the Corporation have not been permitted to trade on NEX. Accordingly, the Corporation has called a meeting to be held on December 17, 2009 to address this and other deficiencies in the Corporation's record.

New Director

The Corporation is pleased to announce that Benedict M. Leung had joined the Corporation in the capacity of director effective January 26, 2009. Mr. Leung is a chartered accountant and is the managing partner of Leung and Company, Chartered Accountants. Mr. Leung is also a director of GINSMS Inc.; a Hong Kong based corporation that offers short messaging services to mobile telecom operators. Mr. Leung previously acted as chief financial officer of Red Dragon Resources Corp. between April 2005 and May 2009, and served as director and chief financial officer of ifuture.com Inc. from April 2003 to April 2005. Mr. Leung will serve on the audit committee of the Corporation.

Reinstatement

The Company has been advised by the Exchange that the shares of the Company are scheduled to be reinstated to trading on NEX effective the opening Friday, November 6, 2009.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Manor Global Inc.
    Harvey H. McKenzie
    Chief Financial Officer
    (416) 400-8003